Blogs

Another Nick Leeson

A friend of mine told me an interesting story. A trader in bank X tried to make a profit, building a private portfolio with some new financial product and using bank's money. Apparently, he abused his position and connections within the firm in order to do so. The sad part of the story is, that he ended up playing against bank Y and loosing half of the cash. Obviously, he wasn't an exceptionally bright trader and also no proper pricing model was available for that particular product/portfolio.

The worst broadband in the UK - Tiscali (now TalkTalk)

I have been using Tiscali (now TalkTalk) broadband services for more than 4 months. At the beginning everything was fine - I even was quite pleased with them, since they promised to connect me within 10 business days, but in fact I was on the Internet after just one week.

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